Corporate Actuarial Intern

Job Title Corporate Actuarial InternJob DescriptionPurpose of Role:
We are currently looking for an Actuarial Intern to work within our Corporate Actuarial team, based in our downtown Toronto office with work from home opportunities available. You will be assisting in the asset and liability modelling work in support of the PL Re North America financial planning and reporting activities and other key business unit initiatives.We are seeking a talented, ambitious individual with the goal of providing an opportunity to gain a unique skill set in a niche sector of the industry and round out the candidate’s experience. Our ideal co-op student would thrive in our vibrant, collaborative culture and gain a competitive edge by remotely securing international exposure and global networking opportunities from the comfort of home.Do you find yourself questioning things and digging deeper when something doesn’t quite look right to find the answer? Do you have an inquisitive mind? Do you demonstrate excellent judgment and decision-making skills? Do you have a high level of attention to detail and are you a quick learner? We pride ourselves in thinking differently and so we want people who aren’t afraid to challenge the norm. If this sounds like you, we would like to welcome you to apply for our Actuarial Intern position!Job Responsibilities

• Support quarterly and annual valuation and financial reporting activities under the following accounting and regulatory bases:

• US Statutory & US Tax.
• US GAAP.
• Canadian IFRS & LICAT.
• Economic Capital.
• Bermuda Statutory.
• IFRS 17.
• This involves performing miscellaneous reserve calculations, reconciliations and analysis.
• Perform valuation model spot-checks under various accounting and regulatory bases, i.e. for sample policies, perform independent validation of system reserves generated in AXIS actuarial software.
• Confirming the accuracy and completeness of the valuation data.
• Verifying and understanding actuarial assumptions.
• Calculating reserves and capital requirements from first principles.
• Documenting and explaining the results.
• Support other activities and projects as needed.
• Assisting with reserve sensitivities and scenario testing.
• Implementing changes in the AXIS actuarial model.
• Testing the impact of various valuation system changes.
• Participating in various other investigations.
• Support the development and calibration of the divisional economic capital model via the “quantifying insurance risk” framework.

Qualifications & Experience

• Demonstrates an appropriate level of actuarial knowledge for their experience level.
• Takes responsibility for quality, completeness and accuracy of work.
• Shows initiative, flexibility and resourcefulness.
• Ability to deal with challenging deadlines and prioritizes effectively.
• Provides accurate and timely updates on status of work and escalates issues appropriately.
• Participates actively in meetings, has ‘meeting presence’.
• Ability to work well on a team as well as independently.
• Communicates in a clear and practical manner both verbally and in writing.

Working For Pacific Life ReEvery person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team’s connection with each other and reflect on their successes.Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee’s involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.Benefits

• Competitive salaries

• Work-life balance

• Collaborative and inclusive culture

• Social activities and events

• Formal and informal mentoring

• Learning and development options

• Corporate Social Responsibility initiatives

• Lots of fun clubs to join!

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.Pacific Life Re Principles and Behaviours

Pacific Life Re

Tagged as: Accounting